Movement for monetary education in educational institutions needs momentum

It has been said that an ounce of prevention is worth a pound of cure. The most recent monetary and housing meltdowns lead many to wonder if flying by the seat of one’s pants when it comes to personal finance is a good idea. As the country regroups financially, a trend is emerging to establish personal financial and a part of standard schooling curriculum.

What is the financial reform?

Educating on finances is an integral part of the 2010 financial reform law. An Office of Financial Literacy had been formed with the law. Educating consumers and the students of the U.S. about money and finances in ant integral part of the Office of Financial Literacy.

The public should be satisfied with this decision

The have to educate everyone who will learn about financial literacy is also good PR. The program "My Money, My Future" began in over 300 high schools thanks to Genworth Financial. Earlier this year Visa, Inc. introduced “Financial Football,” a free online game that teaches kids about money using personal financial decisions to influence the outcome of football action. Additionally, American Express began a website called "Currency" in their try to help the financial difficulties in our country.

School courses already in play

When it comes to financial literacy education in schools, teachers have their work cut out for them, as outlined by Dan Kadlec at MoneyWatch. Kadlec was told in a recent Financial Literacy National Educators Conference, that current teachers only consist of what is on standardized tests and the way to make those scores higher. Most all of the standardized tests required for students and schools don’t contain anything on financial literacy.

Citations

MoneyWatch

moneywatch.bnet.com/saving-money/blog/bank-dad/financial-education-at-school-is-it-a-pipe-dream/407/

Sacramento Bee

sacbee.com/2010/11/08/3168061/unstable-economy-requires-new.html

PR Newswire

multivu.prnewswire.com/mnr/genworthfinancial/43291/